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IDFC First Bank aiming retail loan book growth of 25% on long-term basis

30 Aug 2021 Evaluate

IDFC First Bank is aiming its retail loan book to grow by 25 per cent on a long-term basis and expects the mortgage lending to account for 40 per cent of its loan book going forward. Bank's profits before provisioning are low currently because of the DFI (development financial institution) background with higher cost of legacy liabilities, and due to the set-up cost of a new bank.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1360.20
Axis Bank 1269.00
Kotak Mahindra Bank 439.00
Indusind Bank 876.00
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